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What Bubble? Sacramento Housing Development Selling $425,000 Pads With No Money Down

There were plenty of bad actors that contributed to the housing crisis in 2009…the banks that underwrote mortgages for people that they knew couldn’t afford the home they were buying and then turned around and sold those loans to unsuspecting insurance companies via RMBS structures…the high school janitor making $50,000 a year who suddenly figured […]


Here We Go Again: Sacramento Sells $425,000 Pads With No Money Down

There were plenty of bad actors that contributed to the housing crisis in 2009…the banks that underwrote mortgages for people that they knew couldn’t afford the home they were buying and then turned around and sold those loans to unsuspecting insurance companies via RMBS structures…the high school janitor making $50,000 a year who suddenly figured […]